Friday, December 16, 2011

Hartford - Connecticut Department of Revenue Services (DRS) Commissioner Kevin B. Sullivan is again reminding employers to take special care when calculating income tax withholding for employees with unusual earnings during the holiday season. Said Sullivan, “I’m sure no one wants to see employees earning extra income for the holidays get ‘Scrooged’ by inaccurate over-withholding. For new seasonal employees, employees earning holiday over-time or employees receiving end of year bonuses, we want to remind employers and their payroll processors not to treat the unusual income as if it is part of the employee’s income all year.http://ct.gov/drs/cwp/view.asp?Q=492366&A=1436

Tuesday, June 28, 2011

Effective July 1, 2011 the IRS has announced that the standard business mileage rate will be 55.5 cents per mile. Securitas will follow the IRS guidelines for Mileage reimbursement expenses incurred on behalf of the Company, by reimbursing at the 55.5 cent per mile rate effective July 1, 2010.

Wednesday, May 18, 2011

Keeping track of wages: The US Labor Department has an app for that!

New timesheet app to help ensure workers receive all wages earned

WASHINGTON — The U.S. Department of Labor today announced the launch of its first application for smartphones, a timesheet to help employees independently track the hours they work and determine the wages they are owed. Available in English and Spanish, users conveniently can track regular work hours, break time and any overtime hours for one or more employers. Glossary, contact information and materials about wage laws are easily accessible through links to the Web pages of the department's Wage and Hour Division.

Wednesday, May 4, 2011

As most recent tax filers know claiming a child deduction on your income tax requires you to apply for and have a social security number for each child you are claiming. This has led to a new form of identity theft; Child ID theft. Given that a child may not have a "credit check" done for 18 to 25 years the opportunity for identity thieves to go undetected is multiplied significantly.
As recently reported by Bob Sullivan at The Redtape Chronicles on msnbc.com, a Carnegie Mellon University report published by Richard Power, a distinguished fellow at the school's CyLab research center, revealed that child ID theft is much more pervasive than previously imagined by most people who are aware of this type of crime.

Tuesday, March 29, 2011

This is the time of year when personal, tax-related information is prepared and forwarded as part of the tax filing process – thereby putting much sensitive data potentially at risk of loss and theft. I tend to agree with those who believe that most American taxpayers now are careful to properly shred their paperwork with sensitive information before disposing of it. However, given the huge proliferation of criminal schemes and high-tech scams designed to pilfer and misuse the personal information of millions of victims, it’s very clear that shredding alone is not nearly enough to protect our personal identity and funds.The Official Identity Theft Prevention Handbook: Everyone's Identity Has Already Been Stolen - Learn What You Can Do About It

Tuesday, February 15, 2011

In terms of profitability, the last three years have been our best ever. In 2010, the real improvement in operating income continued and reached 6 percent, and also the operating margin improved compared with 2009. Securitas is coming out of the recession in a better shape than we were in when the recession hit.

Read more about Securitas in the Full-Year Report January-December 2010 on www.securitas.com

Monday, January 24, 2011

Please note that all 2010 W-2 Forms will be mailed directly to the employee’s home address as posted in the Payroll System as of December 31, 2010. In the event an employee states their W-2 has not been received as of January 31, 2011, please verify the address. If the address is correct, please ask that a few extra days be allowed for possible slow mail delivery. If the address is incorrect, please make the necessary change to the system (this includes both current and former employees). Your changes to SAFES will update the Payroll Systems with the next regular Payroll cycle. Please be advised that this will not be reflected on the 2010 W2, but if updated the W-2 can be forwarded to the updated address upon return by the USPS.

To simplify and expedite the process for obtaining reprints of W-2 Forms, employees may obtain reissued statements over the Internet. This process will allow Securitas employees, to immediately access their forms, print them out or have them sent to an e-mail address. The website, www.eprintview.com, is currently available for 2005, 2006, 2007, 2008 and 2009 W-2's and will be available for 2010 beginning approximately February 1, 2011. Instructions on how to access the website are provided in the attachment. Please have copies of the instructions printed to provide to employees inquiring about their W-2 Form. You may advise the employee, that the initial password is their 6-digit birth date (MMDDYY), without dashes or slashes, for example: 011250, however, they will be asked to change to a personal secure password upon initial log in. The Securitas PIN number is 1645. If the employee has used eprintview.com at any previous time, then they have already changed their password and must use that password to enter into the system.